The First Interval: Evaluating ACT's Land Value Tax Transition

Cameron Murray ()

No 54q68, OSF Preprints from Center for Open Science

Abstract: • Increasing land tax rates appears to have deterred housing speculation • Future land tax obligations are already capitalised into lower land prices • Because of this, new home buyers save between $1000 and $2000 per year on mortgage costs • New housing construction has remained strong during the tax transition period • Residential rental growth is at historical lows, benefiting renting households • The distribution of land tax obligations between different types of land holders is the main political sensitivity

Date: 2016-07-31
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Persistent link: https://EconPapers.repec.org/RePEc:osf:osfxxx:54q68

DOI: 10.31219/osf.io/54q68

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